In "Cardano price prediction 2024-2030", we take a closer look at the Cardano price, one of the largest cryptocurrencies in terms of market cap. In this article, we analyse the price history and find out what you can expect from Cardano in 2024 until 2030.

Cardano's price performance is mainly depending on:

✔️ Digital Coin's price prediction is that the Cardano price will be worth a maximum of €0,79 this year;

✔️ They additionally expected the Cardano exchange rate to cross the $1 milestone again in 2025;

✔️ In the long term, Digital Coin Price does not expect the Cardano exchange rate to be able to break its All-time high until 2030, which now stands at $3.10 in September 2021.

Table of Contents

1. Cardano's price performance is mainly depending on:
2. Cardano price prediction 2024
3. Cardano long-term prediction
4. Realistic Cardano prediction
5. Cardano Price Chart
6. Record High Total Value Locked Cardano
7. Could Cardano be worth 10 euros?
8. What is Cardano?
9. Cardano Price History
10. How do you do your own research on Cardano?
11. Other price predictions

Cardano price prediction 2024

Is Cardano a good investment for 2024? To find out whether Cardano is a good investment to buy in 2024, or for the long term, you will have to use your own research to find out. Nevertheless, we want to give you some tools.

We have covered this in previous blogs . How can Cardano not deliver on its expectations? Cardano's high expectations do come true based on the recent Alonzo and Vasil hard forks, but we do not see this reflected based on the price action. Timing is the biggest cause of this. The market is in a bear market and this has prevented Cardano from meeting expectations on the basis of price. Still, you can be very hopeful about Cardano. The fact that so far (with some delays) they are sticking to the roadmap and that promised updates are being released means that the developers are working hard on the future of Cardano. Still, Charles Hoskinson is facing frustrations from the community because developments are released too slowly. This has everything to do with reliability and accuracy. This is because Cardano wants to release quality and that takes time. Charles Hoskinson regularly reports this in his videos and livestreams that he posts on his YouTube channel.

That Cardano has a strong community can be seen from activity on the network . Indeed, the network is the most popular blockchain network for developing software. Statistics show that the network is sometimes twice as popular as Ethereum's network. Based on the network's popularity, the community feels that Cardano is undervalued and they are convinced that the Cardano price will skyrocket in the next bull run. You can read how to spot a bull run here .

Cardano long-term prediction

Anycoin Direct does not provide financial advice itself and so we do not make Cardano prediction ourselves. We leave this to crypto experts in the market. These crypto experts have made various analyses of how far Cardano is going to rise or fall. We want to emphasize that prediction in the cryptocurrency industry remains very risky. Therefore, making a Cardano price prediction in the long term is not the easiest thing to do. The factors on which the Cardano price depends in the coming years are the following:

• What developments Cardano has undergone and what developments are to come;
• How does the crypto market move as a whole, is there a bull market or bear market;
• How is the global economy moving as a whole, economic growth or contraction.

Each of these factors can have a major impact on the Cardano exchange rate. Be aware that these predictions are never certain how much Cardano may become worth. Below you can see the Cardano prediction 2024 - 2030 according to Digitalcoinprice (updated November 19th 2024):

Cardano price prediction in 2025

In 2025, Cardano may well surprise by rising above €1,47 , with chances of an outlier toward €1,76 . It seems that Cardano is gaining more and more fans, and the prediction is that the average price will settle around €1,61 .

Cardano price prediction in 2026

The year 2026 looks good for Cardano with an expected average price rising to €2,28 . Analysts would not be surprised if we see a spike to as much as €2,49 , showing that Cardano's popularity is only growing.

Cardano price prediction in 2027

For 2027, it looks like Cardano is raising the bar again. With prices starting from €2,64 , Cardano appears to be firmly entrenched as a solid player in the market. It is expected to average around €3,08 , and if all goes well, it may even hit €3,15 .

Cardano price prediction in 2028

The year 2028 could well be the year of stability for Cardano, with prices clinging to the previous year's gains. Starting from a solid €2,64 , the price would settle at a comfortable average of €3,08 .

Cardano price prediction in 2029

Looking to 2029, Cardano seems poised to capture the market with minimum prices starting at €3,26 . The prediction is that Cardano's average will move up to an impressive €3,45 , while the optimists among us are even looking at a spike of €3,75 . Clearly, Cardano is preparing for a future as shiny as their technology.

Cardano price prediction in 2030

Heading toward 2030, Cardano's price could shine even more brightly, with predictions of an average price that could exceed €4,63 . If predictions hold true, prices will then fluctuate between €4,63 and €5,13 , indicating a big leap forward for Cardano.

Realistic Cardano prediction

The cryptomarket moves in a rhythm of bull runs, in which the prices of digital currencies skyrocket thanks to a wave of optimism and hefty investments, alternating with bearmarkets, in which the values of even the top 100 cryptocurrencies can fall by as much as 80-90%.

Analysts and analysis firms like DigitalCoinPrice often predict that the crypto market will continue to grow, based on the idea that everything will only get better. If optimism remains high and investment continues to flow, these predictions could indeed come true. But, the crypto world has its ups and downs, as the Bitcoin halving shows, so we can expect both periods of growth and corrections. These fluctuations can challenge optimistic prediction quite a bit, depending on what stage of the market cycle we are in. Therefore, it is important for investors not only to assume continued growth, but also to be mindful of the potential risks and volatility. This is why we only write prediction for projects that have been around for several years.

Cardano Price Chart

Record High Total Value Locked Cardano

Early December 2023 marked a remarkable achievement for Cardano (ADA). Cardano broke the $400 million mark to Total Value Locked (TVL) within the decentralized financial (DeFi) ecosystem. This milestone shows the increasing trust and interest in Cardano's DeFi ecosystem, in which users lock their crypto assets into smart contracts. In the month of December, Cardano rose more than 60%. The high TVL reflects investors' belief in Cardano's potential value and capabilities, positively impacting ADA's performance in the crypto market. This news highlights Cardano's growing position within the DeFi space and its resilience amid market volatility.

Could Cardano be worth 10 euros?

According to the prediction of DigitalCoinprice and others, in the near future the Cardano price will not yet reach the 10 euro milestone. The current Cardano price is €0,31 and DigitalCoinprice's Cardano price prediction indicates that by 2030 the price of 1 Cardano will be worth €2,34 . This would require a growth of 2.000%, in the crypto market this is never impossible, but of course it depends on a lot of factors. For example, the development and popularity of Cardano is a big factor. In addition, what trend the crypto market is in is also important.

Moreover, there are no indications of a possible scenario in which Cardano could make a sharp rise. In this volatile cryptocurrency market very unwise to rely only on predictions. Therefore, it is always important to do further research and think carefully about your decisions.

What is Cardano?

Cardano is a decentralised proof-of-stake (PoS) blockchain platform. PoS allows users of the network to generate a passive income by helping the platform validate new transactions. On Cardano's network, this is 6% per year, and all you have to do is hold Cardano's coin, also named ADA coin, in your wallet. The blockchain recently supports smart contracts. Thanks to Cardano's smart contracts, various decentralized applications ( dApps ) can be built on Cardano's network.

In addition to the many dApps that Cardano intends to facilitate in the future, they are also focusing heavily on improving scalability, interoperability and sustainability. With scalability, Cardano focuses on scaling up the transactions that can be carried out simultaneously on their network. The aim is to be able to scale up infinitely, so that in the future Cardano can handle up to millions of transactions per second, at the lowest possible transaction costs.

With Interoperability, Cardano focuses on successful communication between the thousands of blockchains that currently exist and will continue to be added. In the future, Cardano hopes to use sidechains to enable all blockchains to communicate successfully with each other.

In terms of sustainability, Cardano wants to continue to provide crypto projects that launch on the network with development funding. It happens regularly that a crypto project is started, but is not further funded, causing the project to stagnate. By means of a treasury that is supplemented by transactions on the Cardano network, projects can be financed.

Cardano Price History

The history of theCardano price starts from 2017, because that is when ADA was first traded. Within a short period of time, Cardano has taken a position at the top of the cryptocurrencies. Below is an analysis of the price of ADA from 2017 until 2022.

Cardano price 2017

Cardano landed on the crypto market during 2017. The cryptocurrency industry was in that time in the middle of a bull run. Many cryptocurrencies rose by hundreds to thousands of percent during the year. Cardano, which was only traded in October that year, also experienced an enormous price increase. Within two months, the price of 1 ADA rose from less than 0.03 dollar cents to 1.15 dollars.

Cardano price 2018

On January 6, 2018, ADA was worth an incredible $1.15. Investors thought that the cryptocurrency market was indestructible and that it would rise even further. This turned out to be a huge misconception. The crypto market collapsed like a house of cards and an enormous correction was also suffered by ADA.  During 2018, Cardano lost 95% of its value. At the end of the year, its value was dangling around $0.02 cents, the same value at which ADA first traded at the end of 2017.

Cardano price 2019

2019 was a fairly irrelevant year for Cardano in terms of price. ADA's value moved between 0.03 and 0.10 dollar cents during the year. These are relatively very low fluctuations in the volatile cryptocurrency market.

Cardano price 2020

In 2020, the situation changed for Cardano, and the entire cryptocurrency market. Sentiment around crypto started to pick up and slowly people started to invest again.

In March that year, ADA's growth was briefly held back (by covid-19) but the market soon picked up again. ADA was worth more than 10 cents again for the first time in two years. ADA closed its price at 18 cents.

Cardano price 2021

At the end of 2020, sentiment for another bull run began to emerge. The market recovered from the covid-19 crash in March much faster than expected. This "bullish" sentiment converted into a true price increase of Cardano in 2021. The ADA price rose from $0.17 cents to over $2.30 in a few months. In May of 2021, Cardano, like the rest of the market, underwent a correction. It has since recovered and Cardano now has an all-time high of above $3.

Cardano price 2022

2022 is not a good year for the Cardano price and the crypto world. Cardano opened the year with a ADA price of $1.32, but has fallen to $0.31 per ADA by the end of 2022. This a drop of 76.5%. This has everything to do with the status the entire market is in. In 2022, the market is in a bear market, meaning in a downtrend. The bear market is making a big impact on crypto providers. For instance, a number of exchanges have already collapsed as they faced liquidity problems. A bitter pill that has damaged confidence in the market considerably. In addition, inflation and rising interest rates worldwide have not proved positive for financial markets like the crypto market.

The crypto market

Like all cryptocurrencies, Cardano is also dependent on the crypto market. Should the crypto industry enter a bear market, Cardano will sooner or later participate in this financial malaise, if the price history of 2018 and 2019 is to be believed. In these years, ADA's share price fell to record lows, as did the entire crypto market.

How do you do your own research on Cardano?

You can do your own research on whether it is interesting to buy Cardano in the near future for short term or to buy for long term.

Buying Cardano in the short term

How do you research whether the ADA price might rise in the short term? A good way to find out whether it is interesting to buy Cardano in the short term is by performing a technical analysis. In a previous blog, we explain how to use price trends, support and resistance levels and technical indicators to perform a technical analysis .

Buying Cardano for the long term

To find out whether it makes sense to invest in the Cardano blockchain for the next five years, performing a fundamental analysis is an option. A fundamental analysis allows you to draw conclusions whether the Cardano blockchain is undervalued based on on-chain data and underlying value of the Cardano Foundation. An increase in the number of transactions on the network and a marked increase in wallet addresses can be an indication that a cryptocurrency is undervalued.

Technical analysis can also be used to make long-term predictions for the ADA price. On this basis, you can determine whether investing in Cardano is interesting for the long term. However, always keep in mind that the value of Cardano is highly dependent on the status of the market.

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